NEWS

The Russian Intellectual Property (IP) court has successfully used a blockchain-based solution for storing copyright data, according to Russian news agency TASS. The court used blockchain solution provider IPChain‘s system to record a change in rights holder data of an IP thus saving the data on the decentralized ledger permanently. IPChain president Andry Krichevsky called the recording of change and …

It would seem that the top actively trading Ethereum whales have been taking advantage of the cryptocurrency’s poor performance this year, as data shows they have increased their holdings four-fold since 2017; this is the highest accumulation by annum recorded. A study conducted by blockchain research institute Diar using data from TokenAnalyst reviewed over 5,200 Ethereum addresses, finding that the top …

Japanese newspaper Mainichi Shimbun ran a report on 4 December that says Japan’s National Tax Agency (NTA) is seeking new ways to prevent cryptocurrency tax evasion. The tax authority is now in the process of developing a dedicated tax auditing system that will allow it to seek data from intermediaries like cryptocurrency exchanges and other financial institutions involved in cryptocurrencies. …

Recently, Bitcoin News featured as part of its Humanitarian Blockchain series news that an education complex was being constructed as part of Paxful’s #BuiltWithBitcoin program in Rwanda. The story is now revisited to see how much progress has been made. Paxful Inc operates a peer-to-peer payment logistics platform which focuses on buying and selling of Bitcoin. After a fact-finding trip to South Africa, Nigeria …

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued its latest cryptocurrency license, this time to US-based cryptocurrency exchange, CoinZoom. Serving both Australian and international customers, Coinzoom can now operate within Australia and as a cryptocurrency exchange, accepting and exchanging fiat, digital assets, and any other cryptocurrency. The platform will now over a “one-stop user experience to link their …

Listen to the 4 December 2018 BitcoinNews.com Daily Podcast below. On this edition of the BitcoinNews.com Daily Podcast, we do a deep dive of the current market situation, and discuss how Bitcoin’s mining difficulty and hash rate has rapidly decreased in the past month, breaking the trend of exponential increases seen over the past 7 years. Follow the Bitcoin News Daily …

Bitcoin mining difficulty was adjusted downwards 15.13% on 3 December 2018, the sharpest percentage decrease in difficulty since November 2011, and by far the biggest downward adjustment in difficulty by magnitude. This follows a 7.39% downward adjustment on 16 November. Overall, Bitcoin’s mining difficulty has fallen from 7.45 trillion in early October to 5.65 trillion currently. This has coincided with …

A plan to tax cryptocurrencies and initial coin offerings (ICOs) is underway in South Korea, this according to finance minister nominee Hong Nam-ki. Examination The Korea Times has reported that the nominee submitted a written answer to the National Assembly on Sunday, 2 December, during his confirmation hearing. According to the article, Hong said that the plan to tax crypto …

An alliance made up of seven major US healthcare companies will be exploring the potential of blockchain in improving data quality, reports Modern Healthcare. The alliance is made up 22 million members across the 7-member organization. Humana, Multiplan, UnitedHealth Group’s Optum, UnitedHealthcare and Quest Diagnostic, recently joined Ascension, regarded as the largest not-for-profit health system in the US, and CVS Health-Aetna. …

The G20 has confirmed that cryptocurrency regulations are to be implemented, as published in a Leaders’ Declaration on 1 December. The declaration also closes by thanking Bank of England governor Mark Carney for his work as chair of the Financial Stability Board (FSB). Safety first The meetings were held in Buenos Aires, Argentina, on 30 November and 4 December 2018. Here, …

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